mineral rights

mineral rights

The right to take things beneath the soil. One may sell land and mineral rights separately from each other,which works a severance of the interests.In some states,sand,gravel,and clay are not considered minerals, even if they exist below the surface. One frequently contentious issue is whether a grant of mineral rights includes the ability to take them by strip mining or other open-air operations,such as quarrying.(The answer differs from state to state and also depends on the precise language of the deed.)

Since acquiring these ownership rights late last year for approximately USD 300,000, a total of three wells have been drilled and completed on these mineral rights with additional wells currently in the permitting stage.

In a landmark judgment the high court in Pretoria ruled on Thursday that private holders of mineral rights under the former arrangements were entitled to compensation as the mining act had expropriated the holder of property.

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